Blue Sky for Petroleum

While the increasing supplies of crude oil have led to another price-cut in Pennsylvania crude, and in some sections of the country a further lowering in gasoline prices, leading petroleum men are beginning to see blue sky on the horizon again. Standard oil--usually a good judge of such matters--has shown its faith in the future of the oil business by taking advantage of the present slump to buy up producing companies. Furthermore, the Lamp--house-organ of the Standard Oil Co. of New Jersey --now has designated next June as the probable time when consumption would again overtake production and lead to a decline in surplus stocks.